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Company X had the $70,000 of raw materials inventory at the beginning of May. During May, the company purchased additional raw materials for $45,000. Also,

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Company X had the $70,000 of raw materials inventory at the beginning of May. During May, the company purchased additional raw materials for $45,000. Also, during May Company X withdrew a total of $30.000 materials, of which 80% is direct materials. The balance of the raw material inventory ($) by the end of May would be: a. 85.000 6. None of the given answers OC 109.000 d. 91.000 e. 55.000

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